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US special forces soldier arrested after allegedly winning $400k on Maduro raid
261–270 of 816 posts
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#262Earlier quoted context omitted.
From the article: unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction.
So what law is broken exactly? Will an engineer with classified information on F-35 use that for fixing his car be also prosecuted? I guess no, so is this about leaking the Maduro operation? Insider trading and outcome manipulation seems to be the norm on unregulated markets anyway. Whats the crime?
People have been prosecuted several times for using classified information to win WarThunder forum arguments.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#263Earlier quoted context omitted.
Tulsa once had what was known as Black Wall Street. There were too many successful black men, so 1921 in the whites massacred everybody. They even brought in planes and dropped bombs. https://en.wikipedia.org/wiki/Tulsa_race_massacre
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Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#264Earlier quoted context omitted.
Pretty sure Count 1 through 5 above cover insider trading by administration officials too.
The problem is "insider trading" has a definition and acting based on knowledge of government secrets isn't what it is.
IANAL but what you state seems to literally fall under the STOCK Act of 2012. It is one kind of insider trading.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#265Earlier quoted context omitted.
That’s until food and energy price increases become unbearable for the masses. While the first test is already here with gas prices, we’ll have the second test soon in the form of 50% price increases on food in developed Western countries.
Where is the evidence that petrol prices are unbearable, by the metric you’re proposing.
In some places, like the Philippines, gas/fuel prices are up 70-100% since the start of the Special Four Day Operation in Iran. It's easy to say "who cares doesn't affect me", which sounds nice. But the Philippines is a major manufacturing hub of stuff that keeps life artificially cheap in the west. The rest of SE Asia is undergoing similar rapid price increases. Thailand, Malaysia, etc make lots of electronic components which will be facing a huge squeeze very soon.
The reason for those price increases is those countries don't have massive fuel stockpiles. The west does have big stockpiles, and they're artificially suppressing the price of fuel by releasing those stockpiles and hoping the special operation is over before their stockpiles run out. Because if prices shoot up now, people will realize just how truly disastrous it all is and actual consequences for various governments may be had, so the only option is to kick the can down the road and hope it somehow resolves itself.
Asia is in a particularly bad situation, because even for countries that do have stockpiles, they get basically all of their oil from Iran, the UAE, east coast of Saudi Arabia, etc. Now they have no oil. America can pretend it's a 4D chess move and now those countries will buy American oil and make their economy great again. But the thing is America isn't selling any additional oil to Asia. But America is 100% dependent on cheap things made in Asia, things that are built with plastic made from middle eastern oil and powered by electricity generated from middle eastern oil and shipped on boats running on middle eastern oil. All these things take months to show any effects to Americans and Europeans, so until then, it's just a game of burying heads in the sand until the situation suddenly explodes.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#266Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#267Earlier quoted context omitted.
> without revolutionary frameworks I’d argue that the level of corruption we’re seeing, not just in the USA but all over the Western world, hasn’t risen to a level that warrants revolutionary action. > nobody seems to care And it would seem that the masses tend to agree. We are much much better off tolerating this level of corruption than we would be attempting a revolution. Ultimately, it doesn’t matter how fat the…
So a slow decline is OK? Nah, life would be better if a cleptocrat couldn’t find his way into power.
It was slow for 30 years, the last couple of years have been insane.
I'd say that either way the population will not rebel. If the government is smart they'll just pay for the populations Netflix, burgers and beer. It's enough to keep people passive.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#268What’s the point of prediction markets? They are just ordinary gambling unless you allow insider trading and manipulation, because that’s the only way the market can acquire and represent novel useful information. But if you allow those things, you run into a host of well-documented problems which are the reason why those things are forbidden in other markets. As it stands, prediction markets seem like a tech-aligned…
> They are just ordinary gambling unless you allow insider trading and manipulation, because that’s the only way the market can acquire and represent novel useful information.
Representing only public information without agenda is useful in itself. Words are cheap, and which words you get to see and which words you don't get to see is according to some non-truth incentive. Prediction markets say "you get to make money if you know what the truth actually is". Media says "you get to make money if you entertain people".
It's unfortunate there's also significant negative side effects to financialized prediction markets. I'm more favorable to non-financial prediction markets like Manifold, which say "you get to have social status if you know what the truth is". Seems as though that's the right balance, although you could see how such non-financial prediction markets can be more easily defeated by dedicated non-truth actors if it became prominent in the public conversation.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#269Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#270That’s hilarious … so he’s arrested and put on trial and all the senate and congress are doing the exact same and free? lol
At this point insider trading issue has run away so hard I don't see how it can be tamed without revolutionary frameworks. If we look at crypto then I'm not sure we want to live in a world where insider trading is normalized either so we ought to start working on these new frameworks as soon as possible but nobody seems to care.
Interestingly enough, trading and gambling are things that a blockchain is a pretty good fit for. There is a public ledger and trace of ownership for the trades / lays. And depending on how it is set up, payout is autonomous, as long as no one party controls the network.